Sie sind auf Seite 1von 33

Q1 Fiscal 2014 Statistics

FedEx Corporation
Financial and Operating Statistics
First Quarter Fiscal 2014
September 18, 2013

This report is a statistical supplement to FedExs interim financial reports and is


prepared quarterly. Additional copies are available for downloading and printing at
www.fedex.com/us/investorrelations. For more information, write or call:
Mickey Foster, Vice President
Stephen Hughes, Director
Jeff Smith, Director
Elizabeth Allen, Manager
FedEx Corp. Investor Relations
942 S. Shady Grove Road
Memphis, TN 38120
Telephone: (901) 818-7200

TABLE OF CONTENTS
FEDEX CORPORATION
OVERVIEW
CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 FY2011
FY2012 FY2013
FY2014
CAPITAL EXPENDITURES

1
2
3
4
5
6
7
8

FEDEX EXPRESS SEGMENT


ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 FY2011
FY2012 FY2013
FY2014
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
FY2010 FY2011
FY2012 FY2013
FY2014 FY2015
AIRCRAFT AND VEHICLE FLEET STATISTICS
JET FUEL STATISTICS

9
10
11
12
13
14
15
16
17
18

FEDEX GROUND SEGMENT


ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 FY2011
FY2012 FY2013
FY2014
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS

19
20
21
22
23
24

FEDEX FREIGHT SEGMENT


ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2010 FY2011
FY2012 FY2013
FY2014
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
FY2010 FY2013
FY2014 FY2015

25
26
27
28
29
30
31

FEDEX CORPORATION
OVERVIEW
FedEx Corporation provides customers and businesses worldwide with a broad portfolio of
transportation, e-commerce and business services. With annual revenues of $45 billion, the
company offers integrated business applications through operating companies competing
collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked
among the world's most admired and trusted employers, FedEx inspires its more than 300,000
team members to remain "absolutely, positively" focused on safety, the highest ethical and
professional standards and the needs of their customers and communities.
FedEx Express invented express distribution and remains the industrys global leader, providing
rapid, reliable, time-definite delivery to more than 220 countries and territories, connecting markets
that comprise more than 90 percent of the worlds gross domestic product within one to three
business days. Unmatched air route authorities and transportation infrastructure, combined with
leading-edge information technologies, make FedEx Express the worlds largest express
transportation company, providing fast and reliable services for more than 3.9 million shipments
each business day.
FedEx Ground is a leading North American provider of ground small-package delivery services,
providing service to the United States and Canada. FedEx Home Delivery, the industrys first
ground service dedicated to residential delivery, is available from FedEx Ground and is backed by
a money-back guarantee. FedEx Ground segment financial results include FedEx SmartPost,
which specializes in the consolidation and delivery of high volumes of low-weight, less timesensitive business-to-consumer packages using the U.S. Postal Service for final delivery to any
residential address or P.O. Box in the United States.
FedEx Freight is a leading North American provider of less-than-truckload (LTL) freight services
across all lengths of haul. FedEx Freight segment financial results also include FedEx Custom
Critical, a leading North American provider of time-specific, critical shipment services.
FedEx Services operates combined sales, marketing, administrative and information technology
functions in shared services operations that support our transportation businesses and allow us to
obtain synergies from the combination of these functions. The FedEx Services segment includes:
FedEx Services, which provides sales, marketing, information technology, communications and
back-office support to our other companies; FedEx TechConnect, which is responsible for
customer service, technical support, billings and collections for U.S. customers of our major
business units; and FedEx Office, which provides an array of document and business services and
retail access to our customers for our package transportation businesses.
CORPORATE HEADQUARTERS:

942 S. Shady Grove Road


Memphis, TN 38120

COMMON STOCK LISTING:

The New York Stock Exchange

STOCK SYMBOL:

FDX

COMMON SHARES AUTHORIZED:

800,000,000

COMMON SHARES OUTSTANDING:

316,626,769 (as of August 31, 2013)

STOCKHOLDERS OF RECORD:

13,076 (as of August 31, 2013)

TRANSFER AGENT & REGISTRAR:

Computershare Investor Services


P.O. Box 43069
Providence, RI 02940-3069
(800) 446-2617 or
John Ruocco (312) 499-7033

FISCAL YEAR END:

May 31

ANNUAL MEETING:

September 23, 2013

Q1 FY14 Stat Book / 1

FedEx Corporation
Condensed Consolidated Balance Sheets
FY 2010 FY 2014
May 31
In millions (except share data)
.

FY 2010

FY 2011

FY 2012

FY 2013

Aug. 31,
2013

$ 1,952
4,163
389
529
251
7,284

$ 2,328
4,581
437
610
329
8,285

$ 2,843
4,704
440
533
536
9,056

$ 4,917
5,044
457
533
323
11,274

$ 5,096
4,990
451
604
352
11,493

11,640
5,193
4,218
3,170
7,081
31,302

13,146
5,591
4,408
3,294
7,247
33,686

14,360
5,912
4,646
3,654
7,592
36,164

14,716
6,452
4,958
4,080
7,903
38,109

38,167

ASSETS
Current Assets
Cash and cash equivalents
Receivables, less allowances
Spare parts, supplies and fuel, less allowances
Deferred income taxes
Prepaid expenses and other
Total current assets
Property and Equipment, at Cost
Aircraft and related equipment
Package handling and GSE
Computer and electronic equipment
Vehicles
Facilities and other
Less accumulated depreciation and amort.

16,917

18,143

18,916

19,625

19,730

Net property and equipment

14,385

15,543

17,248

18,484

18,437

Other Long-Term Assets


Goodwill
Intangible and other assets
Total other long-term assets

2,200
1,033
3,233

2,326
1,231
3,557

2,387
1,212
3,599

2,755
1,054
3,809

2,712
1,031
3,743

$ 24,902

$ 27,385

$ 29,903

$ 33,567

$ 33,673

Current Liabilities
Current portion of long-term debt
Accrued salaries and employee benefits
Accounts payable
Accrued expenses
Total current liabilities

$ 262
1,146
1,522
1,715
4,645

$ 18
1,268
1,702
1,894
4,882

$ 417
1,635
1,613
1,709
5,374

$ 251
1,688
1,879
1,932
5,750

$ 254
1,366
1,879
2,024
5,523

Long-Term Debt, Less Current Portion

1,668

1,667

1,250

2,739

2,739

Other Long-Term Liabilities


Deferred income taxes
Pension, postretirement healthcare and other benefit obligations
Self-insurance accruals
Deferred lease obligations
Deferred gains, principally related to aircraft transactions
Other liabilities
Total other long-term liabilities

891
1,705
960
804
267
151
4,778

1,336
2,124
977
779
246
154
5,616

836
5,582
963
784
251
136
8,552

1,652
3,916
987
778
227
120
7,680

1,820
3,813
996
797
221
109
7,756

31
2,261
13,966
(2,440)
(7)
13,811

32
2,484
15,266
(2,550)
(12)
15,220

32
2,595
17,134
(4,953)
(81)
14,727

32
2,668
18,519
(3,820)
(1)
17,398

32
2,696
18,913
(3,857)
(129)
17,655

LIABILITIES AND STOCKHOLDERS' INVESTMENT

Commitments and Contingencies


Common Stockholders' Investment
Common stock $0.10 par value; 800 million shares auth.
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss1
Treasury stock, at cost
Total common stockholders' investment

$ 24,902

$ 27,385

$ 29,903

$ 33,567

$ 33,673

1 - Includes other comprehensive income charge of $1.0 billion, net of taxes, at May 31, 2010, $350 million, net of taxes, at May 31, 2011, $2.4 billion, net of taxes, at
May 31, 2012, and an increase of $861 million, net of taxes, at May 31, 2013, related to the funded status of our retirement plans.
Current period financial results are unaudited. Differences may result due to rounding.

2 / Q1 FY14 Stat Book

FedEx Corporation
Condensed Consolidated Statements of Cash Flows
FY 2010 FY 2014
Years ended May 31

FY 2010

FY 2011

FY 2012

FY 2013

Q1 YTD
1
FY 2014

$ 1,184

$ 1,452

$ 2,032

$ 1,561

$ 489

1,958
124
331
18
101

1,973
152
669
29
98

2,113
160
1,126
134
105

2,386
167
521
479
109

In millions

OPERATING ACTIVITIES
Net income
Adjustments to reconcile net income to cash provided by
operating activities:
Depreciation and amortization
Provision for uncollectible accounts
Deferred income taxes and other noncash items
2
Business realignment, impairment and other charges
Stock-based compensation
Changes in operating assets and liabilities, net of the effects
of businesses acquired:
Receivables
Other current assets
Pension assets and liabilities, net
Accounts payable and other operating liabilities
Other, net
Cash provided by operating activities

(906)
276
(611)
710
(47)

(400)
(114)
(169)
370
(19)

(254)
(231)
(453)
144
(41)

639
37
89

45
(370)

(451)
257
(335)
10
(16)

3,138

4,041

4,835

4,688

929

INVESTING ACTIVITIES
Capital expenditures
Business acquisitions, net of cash acquired
Proceeds from asset dispositions and other

(2,816)

35

(3,434)
(96)
111

(4,007)
(116)
74

(3,375)
(483)
55

(572)

10

Cash used in investing activities

(2,781)

(3,419)

(4,049)

(3,803)

(562)

FINANCING ACTIVITIES
Principal payments on debt
Proceeds from debt issuances
Proceeds from stock issuances
Excess tax benefits on the exercise of stock options
Dividends paid
Purchase of treasury stock
Other, net

(653)

94
25
(138)

(20)

(262)

108
23
(151)

(5)

(29)

128
18
(164)
(197)

(417)
1,739
280
23
(177)
(246)
(18)

131
14
(48)
(278)

Cash (used in) provided by financing activities

(692)

(287)

(244)

1,184

(181)

(5)

41

(27)

(7)

(340)
2,292
$ 1,952

376
1,952
$ 2,328

Effect of exchange rate changes on cash


CASH AND CASH EQUIVALENTS
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

515
2,328
$ 2,843

2,074
2,843
$ 4,917

179
4,917
$ 5,096

1 - FY14 year-to-date cash flow information has been included on a condensed basis and therefore certain line items are not presented individually.
2 - FY12 includes an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines at FedEx Express. FY13 includes accrued
business realignment costs and an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related engines.
Current period financial results are unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

FedEx Corporation
Annual Consolidated Statements of Income
FY 2010 FY 2014
Years ended May 31
In millions, except EPS

Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment

FY 2010

FY 2011

FY 2012

FY 2013

Q1 YTD
FY 2014

$ 21,555
7,439
4,321
1,770

$ 24,581
8,485
4,911
1,684

$ 26,515
9,573
5,282
1,671

$ 27,171
10,578
5,401
1,580

$ 6,605
2,730
1,424
375

Other & eliminations


Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and other charges 1
2
Other
Total Operating Expenses
Operating Income (Loss):
1,2
FedEx Express segment
1
FedEx Ground segment
FedEx Freight segment1
Total Operating Income
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
Income Before Income Taxes
Provision for Income Taxes
Net Income
Basic Earnings Per Share1,2
Weighted Avg. Common Shares
Diluted Earnings Per Share1,2
Avg Common and Common Equiv. Shares
SELECTED STATISTICS
Operating Margin
Pretax Margin
Return on Assets3
Return on Equity3
Dividends Paid Per Common Share

(351)
34,734

(357)
39,304

(361)
42,680

(443)
44,287

(110)
11,024

14,027
4,728
2,359
1,958
3,106
1,715
18
4,825
32,736

15,276
5,674
2,462
1,973
4,151
1,979
89
5,322
36,926

16,099
6,335
2,487
2,113
4,956
1,980
134
5,390
39,494

16,570
7,272
2,521
2,386
4,746
1,909
660
5,672
41,736

4,077
1,879
640
639
1,104
480

1,410
10,229

1,127
1,024
(153)
1,998

1,228
1,325
(175)
2,378

1,260
1,764
162
3,186

555
1,788
208
2,551

236
468
91
795

(71)
(33)
(104)
1,894

(77)
(36)
(113)
2,265

(39)
(6)
(45)
3,141

(61)
(35)
(96)
2,455

(27)
(2)
(29)
766

710

813

1,109

894

277

$ 1,184

$ 1,452

$ 2,032

$ 1,561

$ 489

$ 3.78

$ 4.61

$ 6.44

$ 4.95

$ 1.54

312

315

315

315

316

$ 3.76

$ 4.57

$ 6.41

$ 4.91

$ 1.53

314

317

317

317

319

5.8%
5.5%
4.8%
8.6%
$ 0.44

6.1%
5.8%
5.6%
10.0%
$ 0.48

7.5%
7.4%
7.1%
13.6%
$ 0.52

5.8%
5.5%
4.9%
9.7%
$ 0.56

7.2%
6.9%
4.9%
9.7%
$ 0.15

1 - FY11 includes charges of approximately $199 million ($104 million, net of tax and applicable variable incentive compensation impacts, or $0.33 per diluted share) related to the
combination of the company's FedEx Freight and FedEx National LTL operations. FY12 includes an impairment charge of $134 million ($84 million, net of tax, or $0.26 per
diluted share) resulting from the decision to retire 24 aircraft and related engines at FedEx Express. FY13 includes $560 million ($353 million, net of tax, or $1.11 per diluted
share) of business realignment costs and an impairment charge of $100 milion ($63 million, net of tax, or $0.20 per diluted share) resulting from the decision to retire 10
aircraft and related engines at FedEx Express.
2 - FY11 includes a $66 million reserve for the ATA litigation at FedEx Express that was reversed in FY12.
3 - Return on Assets and Return on Equity for the current year-to-date are calculated on a rolling four quarter basis.
Current period financial results are unaudited. Differences may result due to rounding.

4 / Q1 FY14 Stat Book

FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2010 FY 2011
Years ended May 31
In millions, except EPS

FIRST
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other & eliminations
Total Revenue

FY 2010
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2011
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

$ 4,924
1,730
982
451
(78)
8,009

$ 5,314
1,837
1,068
465
(88)
8,596

$ 5,440
1,910
1,040
406
(95)
8,701

$ 5,877
1,962
1,231
448
(90)
9,428

$ 5,912
1,961
1,258
415
(89)
9,457

$ 5,992
2,077
1,221
434
(92)
9,632

$ 6,049
2,184
1,123
397
(90)
9,663

$ 6,628
2,263
1,309
438
(86)
10,552

3,377
1,054
578
495
666
401

1,123
7,694

3,424
1,155
593
487
744
410

1,212
8,025

3,549
1,220
593
488
810
404

1,221
8,285

3,677
1,299
595
488
886
500
18
1,269
8,732

3,803
1,327
601
479
887
517

1,215
8,829

3,779
1,390
628
502
938
473
67
1,386
9,163

3,828
1,446
621
493
1,049
480
21
1,332
9,270

3,866
1,511
612
499
1,277
509
1
1,389
9,664

Operating Income (Loss):


FedEx Express segment1
FedEx Ground segment
FedEx Freight segment1
Total Operating Income

104
209
2
315

345
238
(12)
571

265
258
(107)
416

413
319
(36)
696

357
287
(16)
628

264
296
(91)
469

178
325
(110)
393

429
417
42
888

Other Income (Expense):


Interest, net
Other, net
Total Other Income (Expense)

(18)
(3)
(21)

(15)
(9)
(24)

(19)
(16)
(35)

(19)
(5)
(24)

(18)
(7)
(25)

(23)
(9)
(32)

(24)
(9)
(33)

(12)
(11)
(23)

Income Before Income Taxes

294

547

381

672

603

437

360

865

Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Impairment charges1
Other1
Total Operating Expenses

Provision for Income Taxes

113

202

142

253

223

154

129

307

Net Income

$ 181

$ 345

$ 239

$ 419

$ 380

$ 283

$ 231

$ 558

Basic Earnings Per Share1

$ 0.58

$ 1.10

$ 0.76

$ 1.34

$ 1.21

$ 0.90

$ 0.73

$ 1.76

312

312

312

313

314

314

315

315

$ 0.58

$ 1.10

$ 0.76

$ 1.33

$ 1.20

$ 0.89

$ 0.73

$ 1.75

312

314

315

316

315

316

317

318

3.9%
3.7%

6.6%
6.4%

4.8%
4.4%

7.4%
7.1%

6.6%
6.4%

4.9%
4.5%

4.1%
3.7%

8.4%
8.2%

$ 0.11

$ 0.11

$ 0.11

$ 0.11

$ 0.12

$ 0.12

$ 0.12

$ 0.12

Weighted Avg. Common Shares


Diluted Earnings Per Share1
Avg Common and Common Equiv. Shares

SELECTED STATISTICS
Operating Margin
Pretax Margin
Dividends Paid Per Common Share

1 - Q2 FY11 FedEx Express segment operating expenses include a $66 million reserve for the ATA litigation. Q2, Q3 and Q4 FY11 FedEx Freight segment operating income includes $133
million in costs related to the combination of the company's FedEx Freight and FedEx National LTL operations.
.

Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2012 FY 2013
Years ended May 31
In millions, except EPS

FIRST
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other & eliminations
Total Revenue

FY 2012
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2013
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

$ 6,592
2,278
1,328
411
(88)
10,521

$ 6,583
2,339
1,325
427
(87)
10,587

$ 6,543
2,480
1,234
401
(94)
10,564

$ 6,797
2,476
1,395
432
(92)
11,008

$ 6,632
2,462
1,399
389
(90)
10,792

$ 6,858
2,593
1,377
405
(126)
11,107

$ 6,704
2,747
1,237
380
(115)
10,953

$ 6,977
2,776
1,388
406
(112)
11,435

4,004
1,518
620
509
1,244
551

3,982
1,576
623
518
1,200
511

4,021
1,619
628
543
1,233
456

4,092
1,622
616
543
1,279
462

4,103
1,680
618
573
1,138
542

4,125
1,860
630
592
1,235
511

4,150
1,871
640
599
1,215
424

4,192
1,861
633
622
1,158
432

1,338
9,784

1,397
9,807

1,251
9,751

134
1,404
10,152

4
1,392
10,050

13
1,423
10,389

47
1,418
10,364

596
1,439
10,933

Operating Income (Loss):


FedEx Express segment2,3
FedEx Ground segment2
FedEx Freight segment2
Total Operating Income

288
407
42
737

342
398
40
780

349
465
(1)
813

281
494
81
856

207
445
90
742

230
412
76
718

118
467
4
589

464
38
502

Other Income (Expense):


Interest, net
Other, net
Total Other Income (Expense)

(11)
(2)
(13)

(10)
(5)
(15)

(18)
(8)
(26)

(9)
(16)
(25)

(24)
(6)
(30)

Income Before Income Taxes

724

777

792

848

727

692

564

472

Provision for Income Taxes

260

280

271

298

268

254

203

169

Net Income

$ 464

$ 497

$ 521

$ 550

$ 459

$ 438

$ 361

$ 303

Basic Earnings Per Share2,3

$ 1.46

$ 1.57

$ 1.66

$ 1.74

$ 1.46

$ 1.39

$ 1.14

$ 0.96

316

315

314

315

315

314

315

317

$ 1.46

$ 1.57

$ 1.65

$ 1.73

$ 1.45

$ 1.39

$ 1.13

$ 0.95

318

316

316

317

316

315

317

319

7.0%
6.9%

7.4%
7.3%

7.7%
7.5%

7.8%
7.7%

6.9%
6.7%

6.5%
6.2%

5.4%
5.1%

4.4%
4.1%

$ 0.13

$ 0.13

$ 0.13

$ 0.13

$ 0.14

$ 0.14

$ 0.14

$ 0.14

Operating Expenses:
Salaries and employee benefits1
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and
other charges1,2,3
Other1,3
Total Operating Expenses

Weighted Avg. Common Shares


Diluted Earnings Per Share2,3
Avg Common and Common Equiv. Shares

(7)
4
(3)

(12)
(9)
(21)

(9)
1
(8)

SELECTED STATISTICS
Operating Margin
Pretax Margin
Dividends Paid Per Common Share

1 - In Q3 FY13, we reclassified predominantly severance costs associated with our voluntary buyout program from salaries and employee benefits expense and other costs
directly attributable to our profit improvement plan from other expense to business realignment costs to conform to the current period presentation.
.

2 - The FedEx Express segment includes $2 million in Q1, $9 million in Q2, $34 million in Q3 and $360 million in Q4 FY13 of direct and allocated costs associated with our
business realignment activities. The FedEx Ground segment includes $3 million in Q2, $9 million in Q3 and $93 in Q4 FY13 of direct and allocated costs associated with our
business realignment activities. The FedEx Freight segment includes $1 million in Q1, $1 million in Q2, $5 million in Q3 and $43 million in Q4 FY13 of direct and allocated
costs associated with our business realignment activities.
.

3 - Q3 FY12 FedEx Express segment operating expenses include the reversal of a $66 million reserve associated with the ATA litigation. Q4 FY12 FedEx Express segment
operating expenses include an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines. Q4 FY13 FedEx Express segment
operating expenses include an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related engines.
.

Unaudited. Differences may result due to rounding.

6 / Q1 FY14 Stat Book

FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions, except EPS

FIRST
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other & eliminations
Total Revenue

$ 6,605
2,730
1,424
375
(110)
11,024

Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Other
Total Operating Expenses

4,077
1,879
640
639
1,104
480
1,410
10,229

Operating Income:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
Total Operating Income

236
468
91
795

Other Income (Expense):


Interest, net
Other, net
Total Other Income (Expense)

(27)
(2)
(29)

Income Before Income Taxes

766

Provision for Income Taxes

$ 489

Basic Earnings Per Share

$ 1.54

Diluted Earnings Per Share


Avg Common and Common Equiv. Shares

FOURTH
QUARTER

277

Net Income

Weighted Avg. Common Shares

FY 2014
SECOND
THIRD
QUARTER QUARTER

316
$ 1.53
319

SELECTED STATISTICS
Operating Margin
Pretax Margin
Dividends Paid Per Common Share

7.2%
6.9%
$ 0.15

Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

FedEx Corporation
Capital Spending
FY 2010 FY 2014
Years ended May 31
In millions

FY 2010

FY 2011

FY 2012

FY 2013

Q1 YTD
FY 2014

By Asset Type
Aircraft and Related Equipment
Facilities and Sort Equipment
Vehicles
Information Technology Investments
Other Equipment
Total

$ 1,537
630
220
289
140
$ 2,816

$ 1,988
555
282
455
154
$ 3,434

$ 1,875
638
723
541
230
$ 4,007

$ 1,190
727
734
452
272
$ 3,375

$ 197
125
149
71
30
$ 572

By Segment
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other
Total

$ 1,864
400
212
340

$ 2,816

$ 2,467
426
153
387
1
$ 3,434

$ 2,689
536
340
437
5
$ 4,007

$ 2,067
555
326
424
3
$ 3,375

$ 305
161
40
66

$ 572

Unaudited. Differences may result due to rounding.

8 / Q1 FY14 Stat Book

FedEx Express Segment


Annual Consolidated Statements of Income
FY 2010 FY 2014
Years ended May 31
In millions

FY 2010

FY 2011

FY 2012

FY 2013

Q1 YTD
FY 2014

$ 5,602
1,640
7,242
2,589
9,831

$ 6,128
1,736
7,864
2,805
10,669
6,760
1,468

$ 6,546
1,747
8,293
3,001
11,294
6,849
1,859

$ 6,513
1,705
8,218
3,020
11,238
6,586
2,046

$ 1,584
419
2,003
729
2,732
1,576
532

7,087
578
17,496

8,228
653
19,550

8,708
853
20,855

8,632
1,398
21,268

2,108
345
5,185

1,980
1,303
251
3,534

2,188
1,722
283
4,193

2,498
1,827
307
4,632

2,562
1,678
276
4,516

624
388
54
1,066

525

838

1,028

1,387

354

21,555

24,581

26,515

27,171

6,605

8,402
1,177
1,577
1,016
2,651
1,131

1,940
2,534
20,428

9,183
1,573
1,672
1,059
3,553
1,353

2,043
2,917
23,353

9,657
1,828
1,680
1,169
4,304
1,332
134
2,193
2,958
25,255

10,045
2,331
1,684
1,350
4,130
1,244
243
2,379
3,210
26,616

2,440
608
421
369
956
307

495
773
6,369

$ 1,127

$ 1,228

$ 1,260

$ 555

$ 236

5.2%

5.0%

4.8%

2.0%

3.6%

Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Package Revenue
International Priority
International Economy
Total International Export
Package Revenue
International Domestic1
Total Package Revenue
Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue2
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and other charges3
Intercompany charges4
Other5

Operating Income

SELECTED STATISTICS
Operating Margin

1 - International domestic revenues include our international intra-country express operations, including acquisitions in India (February 2011), Mexico (July 2011), Poland
(June 2012), France (July 2012) and Brazil (July 2012).
2 - Other revenues include FedEx Trade Networks and, beginning in the second quarter of FY10, FedEx SupplyChain Systems.
3 - FY12 includes an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines. FY13 includes $143 million of predominantly
severance costs associated with our voluntary buyout program and an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related
engines.
4 - FY13 includes allocations of $262 million for business realignment costs.
5 - FY11 includes a $66 million reserve for the ATA litigation at FedEx Express. FY12 includes the reversal of a $66 million reserve associated with the ATA litigation.
Current period financial results are unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

FedEx Express Segment


Quarterly Consolidated Statements of Income
FY 2010 FY 2011
Years ended May 31
In millions

FIRST
QUARTER

FY 2010
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2011
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Package
Revenue
International Domestic1
Total Package Revenue

$ 1,331
408
1,739
601
2,340

$ 1,372
395
1,767
626
2,393

$ 1,413
400
1,813
692
2,505

$ 1,486
437
1,923
670
2,593

$ 1,491
432
1,923
661
2,584
1,652
322

$ 1,489
416
1,905
666
2,571
1,659
350

$ 1,514
425
1,939
743
2,682
1,610
364

$ 1,634
463
2,097
735
2,832
1,839
432

1,594
134
4,068

1,763
151
4,307

1,748
142
4,395

1,982
151
4,726

1,974
148
4,706

2,009
165
4,745

1,974
158
4,814

2,271
182
5,285

449
260
61
770

490
321
63
874

525
329
61
915

516
393
66
975

523
406
70
999

530
435
69
1,034

565
412
68
1,045

570
469
76
1,115

Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue2
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other3

Operating Income (Loss)

86

133

130

176

207

213

190

228

4,924

5,314

5,440

5,877

5,912

5,992

6,049

6,628

2,043
255
385
252
571
261
469
584
4,820

2,036
283
396
251
638
267
470
628
4,969

2,136
292
397
254
694
261
497
644
5,175

2,187
347
399
259
748
342
504
678
5,464

2,258
369
403
255
754
352
513
651
5,555

2,253
388
427
265
802
320
512
761
5,728

2,321
386
424
267
898
330
498
747
5,871

2,351
430
418
272
1,099
351
520
758
6,199

$ 104

$ 345

$ 265

$ 413

$ 357

$ 264

$ 178

$ 429

2.1%

6.5%

4.9%

7.0%

6.0%

4.4%

2.9%

6.5%

SELECTED STATISTICS
Operating Margin

1 - International domestic revenues include our international intra-country express operations, including an acquisition in India in February 2011.
2 - Other revenues include FedEx Trade Networks and, beginning in the second quarter of FY10, FedEx SupplyChain Systems.
3 - Q2 FY11 includes a $66 million reserve for the ATA litigation.

Unaudited. Differences may result due to rounding.

10 / Q1 FY14 Stat Book

FedEx Express Segment


Quarterly Consolidated Statements of Income
FY 2012 FY 2013
Years ended May 31
In millions

FIRST
QUARTER

FY 2012
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2013
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Package
Revenue
International Domestic1
Total Package Revenue

$ 1,640
451
2,091
731
2,822
1,757
441

$ 1,623
421
2,044
731
2,775
1,711
460

$ 1,619
426
2,045
792
2,837
1,625
454

$ 1,664
449
2,113
747
2,860
1,756
504

$ 1,604
430
2,034
702
2,736
1,661
487

$ 1,609
409
2,018
732
2,750
1,678
514

$ 1,609
413
2,022
812
2,834
1,567
491

$ 1,691
453
2,144
774
2,918
1,680
554

2,198
207
5,227

2,171
217
5,163

2,079
210
5,126

2,260
219
5,339

2,148
309
5,193

2,192
384
5,326

2,058
342
5,234

2,234
363
5,515

591
449
77
1,117

628
470
74
1,172

647
443
77
1,167

632
465
79
1,176

610
439
74
1,123

645
446
77
1,168

668
384
64
1,116

639
409
61
1,109

Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue2
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and
other charges3,5
Intercompany charges4
Other5

Operating Income

248

248

250

282

316

364

354

353

6,592

6,583

6,543

6,797

6,632

6,858

6,704

6,977

2,413
449
423
282
1,077
380

2,377
448
421
288
1,039
354

2,410
449
425
299
1,078
303

2,457
482
411
300
1,110
295

2,473
537
415
323
986
372

2,488
608
418
336
1,074
349

2,539
583
429
334
1,066
262

2,545
603
422
357
1,004
261

548
732
6,304

548
766
6,241

547
683
6,194

134
550
777
6,516

537
782
6,425

1
535
819
6,628

13
548
812
6,586

229
759
797
6,977

$ 288

$ 342

$ 349

$ 281

$ 207

$ 230

$ 118

4.4%

5.2%

5.3%

4.1%

3.1%

3.4%

1.8%

SELECTED STATISTICS
Operating Margin

1 - International domestic revenues include our international intra-country express operations, including acquisitions in Mexico (July 2011), Poland (June 2012), France (July 2012) and Brazil
(July 2012).
2 - Other revenues include FedEx Trade Networks and FedEx SupplyChain Systems.
3 - Q4 FY12 includes an impairment charge of $134 million resulting from the decision to retire 24 aircraft and related engines. Q4 FY13 includes an impairment charge of $100 million
resulting from the decision to retire 10 aircraft and related engines. Q4 FY13 includes $129 million of predominantly severance costs associated with our voluntary buyout program. Q2
FY13 and Q3 FY13 include severance costs associated with our voluntary buyout program.
4 - FY13 includes allocations of $21 million in Q3 and $231 million in Q4 for business realignment costs.
5 - Q3 FY12 includes the reversal of a $66 million reserve associated with the ATA litigation at FedEx Express. In Q3 FY13, we reclassified costs directly attributable to our profit
improvement plan from other expense to business realignment costs to conform to the current period presentation.

Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

11

FedEx Express Segment


Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions

FIRST
QUARTER

FY 2014
SECOND
THIRD
QUARTER QUARTER

Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Economy
Total International Export Package
Revenue
International Domestic1
Total Package Revenue

$ 1,584
419
2,003
729
2,732
1,576
532
2,108
345
5,185

Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue2
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other

Operating Income

624
388
54
1,066
354
6,605

2,440
608
421
369
956
307
495
773
6,369
$ 236

SELECTED STATISTICS
Operating Margin

3.6%

1 - International domestic revenues include our international intra-country express operations.


2 - Other revenues include FedEx Trade Networks and FedEx SupplyChain Systems.
Unaudited. Differences may result due to rounding.

12 / Q1 FY14 Stat Book

FOURTH
QUARTER

FedEx Express
Annual Shipment Statistics
FY 2010 FY 2014
FY 2013

Q1 YTD
FY 2014

1,146
586
1,732
845
2,577
421
138
559
495
3,631

1,134
574
1,708
835
2,543
421
155
576
785
3,904

1,112
563
1,675
790
2,465
406
165
571
789
3,825

7,340
3,184
1,235
11,759

7,487
3,303
1,171
11,961

7,612
3,048
1,066
11,726

7,423
2,862
850
11,135

53.10
7.14
$ 19.72

$ 20.29
10.86
17.02
12.60
15.59
57.68
49.76
56.08
7.38
$ 21.25

$ 22.31
11.65
18.70
13.87
17.12
63.47
52.77
60.83
6.74
$ 22.44

$ 22.52
11.66
18.87
14.18
17.33
61.28
51.77
58.72
6.99
$ 21.36

$ 22.27
11.61
18.68
14.42
17.32
60.65
50.41
57.70
6.84
$ 21.18

$ 1.09
2.01
0.81
$ 1.27

$ 1.17
2.12
0.90
$ 1.40

$ 1.30
2.16
1.02
$ 1.51

$ 1.32
2.16
1.01
$ 1.51

$ 1.31
2.12
0.99
$ 1.50

2.7%
(2.1%)
1.0%
2.1%
1.3%

2.3%
2.1%
2.3%
0.7%
1.7%

10.1%
6.7%
3.1%

9.9%
9.4%
3.7%

(3.2%)
(6.5%)
(4.4%)
(3.2%)
(4.0%)
(8.3%)
19.0%
(2.8%)
42.2%
0.7%

(1.0%)
(2.0%)
(1.4%)
(1.2%)
(1.3%)

12.3%
3.0%
58.6%
7.5%

1.8%
(2.1%)
0.5%
3.7%
1.5%
(0.5%)
15.4%
3.6%
15.9%
4.5%

(7.8%)
(11.6%)
(8.7%)
(7.2%)
(8.3%)

9.4%
5.9%
8.6%
8.3%
8.5%

1.6%
2.3%
(4.2%)
7.5
$ 2.63
255

16.1%
13.0%
11.7%
8.0
$ 2.66
255

6.8%
0.6%
5.5%
7.0%
5.9%
1.3%
26.6%
5.8%
30.6%
6.7%
8.8
$ 2.55
256

(0.5%)
(2.4%)
(0.9%)
0.6%
(0.5%)
(3.8%)
10.1%
(0.9%)
63.9%
2.0%
10.3
$ 2.07
255

(1.2%)
(2.6%)
(1.5%)
3.8%
(0.1%)
(5.1%)
9.2%
(1.9%)
11.7%
(0.2%)
10.5
$ 2.02
64

FY 2010

FY 2011

FY 2012

1,157
614
1,771
867
2,638

523
318
3,479

1,184
627
1,811
873
2,684
459
116
575
348
3,607

7,141
2,544
1,222
10,907

$ 19.00
10.47
16.04
11.70
14.61

AVG DAILY VOLUME / POUNDS


Average Daily Package Volume (000s):
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Avg Daily Packages
Average Daily Freight Pounds (000s):
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Composite Package Yield
Revenue Per Freight Pound:
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Composite Freight Yield
PACKAGE GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS

1 - International domestic statistics include our international intra-country express operations, including acquisitions in India (February 2011), Mexico (July 2011), Poland (June
2012), France (July 2012) and Brazil (July 2012).
Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

13

FedEx Express
Quarterly Shipment Statistics
FY 2010 FY 2011
FY 2010
FY 2011
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP,IPOL)
International Economy (IE)
Total International Export Packages
1
International Domestic
Total Avg Daily Packages

1,128
617
1,745
823
2,568

1,154
606
1,760
858
2,618

1,190
601
1,791
949
2,740

1,156
632
1,788
843
2,631

560
323
3,514

1,168
624
1,792
846
2,638
462
104
566
323
3,527

1,196
626
1,822
865
2,687
470
115
585
354
3,626

1,218
631
1,849
952
2,801
438
120
558
337
3,696

1,158
626
1,784
833
2,617
468
125
593
373
3,583

475
293
3,336

529
338
3,485

530
317
3,587

6,584
2,142
1,297
10,023

7,193
2,571
1,207
10,971

7,906
2,577
1,184
11,667

6,916
2,889
1,198
11,003

6,908
3,027
1,240
11,175

7,459
3,320
1,243
12,022

8,000
3,131
1,262
12,393

7,027
3,261
1,195
11,483

$ 18.16
10.17
15.33
11.23
14.02

$ 18.87
10.36
15.95
11.58
14.51

$ 19.16
10.70
16.32
11.77
14.74

$ 19.77
10.64
16.55
12.23
15.16

51.61
7.05
$ 18.76

52.88
7.09
$ 19.62

53.23
7.22
$ 19.76

54.45
7.22
$ 20.69

$ 19.65
10.64
16.51
12.01
15.07
54.98
47.98
53.70
7.04
$ 20.52

$ 19.75
10.54
16.59
12.24
15.19
56.09
48.19
54.54
7.39
$ 20.77

$ 20.05
10.87
16.91
12.60
15.45
59.31
48.88
57.07
7.54
$ 21.01

$ 21.72
11.37
18.08
13.56
16.65
60.43
53.44
58.96
7.51
$ 22.69

$ 1.05
1.87
0.72
$ 1.18

$ 1.08
1.98
0.83
$ 1.26

$ 1.07
2.06
0.84
$ 1.26

$ 1.15
2.09
0.85
$ 1.36

$ 1.16
2.06
0.87
$ 1.38

$ 1.13
2.08
0.88
$ 1.36

$ 1.14
2.12
0.88
$ 1.36

$ 1.25
2.21
0.96
$ 1.49

2.3%
(1.9%)
0.8%
(0.6%)
0.3%
(4.0%)
(4.6%)
(0.8%)

6.3%
(0.8%)
3.7%
3.1%
3.5%
5.8%
8.7%
4.3%

1.1%
(3.4%)
(0.4%)
4.6%
1.3%
17.8%
12.8%
4.4%

1.0%
(1.9%)

1.7%
0.5%
22.8%
11.8%
4.5%

3.5%
1.1%
2.7%
2.8%
2.7%
19.2%
10.2%
5.7%

3.6%
3.3%
3.5%
0.8%
2.6%
10.6%
4.7%
4.0%

2.4%
5.0%
3.2%
0.3%
2.2%
5.3%
6.3%
3.0%

0.2%
(0.9%)
(0.2%)
(1.2%)
(0.5%)
5.9%
15.5%
2.0%

(22.2%)
(22.3%)
(22.2%)
(21.1%)
(21.9%)
(22.0%)
(21.2%)
(21.9%)

(15.3%)
(18.7%)
(16.1%)
(15.4%)
(15.9%)
(8.7%)
(4.4%)
(12.7%)

0.2%
(6.1%)
(1.3%)
1.5%
(0.5%)
16.0%
21.4%
6.1%

11.4%
4.5%
9.8%
10.7%
10.0%
32.4%
25.8%
18.9%

12.0%
5.9%
10.6%
10.0%
10.4%
23.8%
10.4%
15.7%

8.5%
5.3%
7.8%
6.4%
7.4%
14.0%
9.3%
10.2%

7.1%
6.3%
6.9%
7.4%
7.1%
12.9%
11.3%
9.5%

10.0%
5.9%
9.0%
9.7%
9.2%
14.6%
20.5%
11.8%

Avg. Daily Freight Pounds (000s):


U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP,IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Composite Package Yield
Revenue Per Freight Pound:
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Composite Freight Yield
PACKAGE GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
Total International Export Packages
International Domestic1
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
Total International Export Packages
International Domestic1
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS

7.2

7.6

7.5

7.6

7.7

7.9

7.8

8.6

$ 2.61

$ 2.58

$ 2.63

$ 2.72

$ 2.66

$ 2.63

$ 2.69

$ 2.64

65

63

62

65

65

63

62

65

1 - International domestic statistics include our international intra-country express operations, including an acquisition in India in February 2011.
Unaudited. Differences may result due to rounding.

14 / Q1 FY14 Stat Book

FedEx Express
Quarterly Shipment Statistics
FY 2012 - FY2013
FY 2012
FY 2013
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Avg Daily Packages

1,134
596
1,730
829
2,559
417
126
543
445
3,547

1,168
582
1,750
838
2,588
431
138
569
529
3,686

1,171
581
1,752
923
2,675
413
139
552
508
3,735

1,113
584
1,697
793
2,490
425
148
573
498
3,561

1,092
575
1,667
762
2,429
408
143
551
681
3,661

1,141
564
1,705
828
2,533
445
157
602
884
4,019

1,176
569
1,745
944
2,689
420
155
575
781
4,045

1,131
586
1,717
811
2,528
415
164
579
796
3,903

6,969
3,132
1,165
11,266

7,630
3,451
1,213
12,294

8,104
3,257
1,169
12,530

7,270
3,373
1,138
11,781

7,077
3,184
1,104
11,365

7,719
3,212
1,166
12,097

8,324
2,894
1,035
12,253

7,363
2,899
961
11,223

$ 22.24
11.64
18.59
13.57
16.97
64.82
53.91
62.30
7.16
$ 22.67

$ 22.05
11.48
18.54
13.84
17.01
62.98
52.99
60.56
6.51
$ 22.23

$ 21.93
11.65
18.53
13.62
16.83
62.49
51.74
59.78
6.57
$ 21.79

$ 23.01
11.81
19.15
14.49
17.67
63.54
52.54
60.71
6.78
$ 23.07

$ 22.59
11.51
18.77
14.17
17.33
62.68
52.17
59.94
7.00
$ 21.82

$ 22.39
11.51
18.79
14.04
17.24
59.91
51.97
57.84
6.88
$ 21.04

$ 22.08
11.69
18.69
13.87
17.00
60.25
51.03
57.76
7.06
$ 20.87

$ 22.99
11.91
19.21
14.67
17.76
62.32
51.90
59.37
7.02
$ 21.74

$ 1.31
2.21
1.02
$ 1.53

$ 1.31
2.16
0.97
$ 1.51

$ 1.27
2.16
1.04
$ 1.48

$ 1.34
2.12
1.07
$ 1.54

$ 1.33
2.12
1.03
$ 1.52

$ 1.32
2.21
1.05
$ 1.53

$ 1.30
2.14
0.99
$ 1.47

$ 1.33
2.18
0.97
$ 1.52

(2.9%)
(4.5%)
(3.5%)
(2.0%)
(3.0%)
(9.7%)
21.2%
(4.1%)
37.8%
0.6%

(2.3%)
(7.0%)
(4.0%)
(3.1%)
(3.7%)
(8.3%)
20.0%
(2.7%)
49.4%
1.7%

(3.9%)
(7.9%)
(5.2%)
(3.0%)
(4.5%)
(5.7%)
15.8%
(1.1%)
50.7%
1.1%

(3.9%)
(6.7%)
(4.9%)
(4.8%)
(4.9%)
(9.2%)
18.4%
(3.4%)
33.5%
(0.6%)

(3.7%)
(3.5%)
(3.6%)
(8.1%)
(5.1%)
(2.2%)
13.5%
1.5%
53.0%
3.2%

(2.3%)
(3.1%)
(2.6%)
(1.2%)
(2.1%)
3.2%
13.8%
5.8%
67.1%
9.0%

0.4%
(2.1%)
(0.4%)
2.3%
0.5%
1.7%
11.5%
4.2%
53.7%
8.3%

1.6%
0.3%
1.2%
2.3%
1.5%
(2.4%)
10.8%
1.0%
59.8%
9.6%

10.0%
4.4%
8.7%
10.6%
9.2%
6.4%
37.0%
11.3%
39.9%
11.1%

9.0%
1.2%
7.3%
9.8%
7.9%
3.1%
31.4%
8.1%
31.5%
8.8%

6.9%
0.2%
5.5%
6.6%
5.8%
0.9%
24.7%
5.3%
32.9%
6.5%

1.8%
(3.0%)
0.8%
1.6%
1.0%
(4.5%)
16.7%
(0.5%)
20.3%
1.0%

(2.2%)
(4.7%)
(2.7%)
(4.0%)
(3.0%)
(5.5%)
10.4%
(2.3%)
49.3%
(0.7%)

(0.9%)
(2.9%)
(1.3%)
0.1%
(0.9%)
(1.9%)
11.7%
1.0%
77.0%
3.2%

(0.6%)
(3.1%)
(1.1%)
2.5%
(0.1%)
(3.6%)
8.1%
(1.0%)
62.9%
2.1%

1.6%
0.9%
1.5%
3.6%
2.0%
(4.3%)
9.9%
(1.2%)
65.8%
3.3%

Avg. Daily Freight Pounds (000s):


U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Composite Package Yield
Revenue Per Freight Pound:
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Composite Freight Yield
PACKAGE GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS

8.6

9.1

8.7

8.8

9.9

10.7

10.0

10.4

$ 2.64

$ 2.44

$ 2.50

$ 2.62

$ 2.20

$ 1.97

$ 2.09

$ 2.09

65

63

63

65

65

63

62

65

1 - International domestic statistics include our international intra-country express operations, including acquisitions in Mexico (July 2011), Poland (June 2012), France (July 2012) and
Brazil (July 2012).
Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

15

FedEx Express
Quarterly Shipment Statistics
FY 2014 - FY2015
FY 2014
FY 2015
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Avg Daily Packages

1,112
563
1,675
790
2,465
406
165
571
789
3,825

Avg. Daily Freight Pounds (000s):


U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Avg Daily Freight Pounds

7,423
2,862
850
11,135

YIELD
Revenue Per Package:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Composite Package Yield

$ 22.27
11.61
18.68
14.42
17.32
60.65
50.41
57.70
6.84
$ 21.18

Revenue Per Freight Pound:


U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Composite Freight Yield

$ 1.31
2.12
0.99
$ 1.50

PACKAGE GROWTH RATES


Average Daily Volume Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Package Volume Growth

1.8%
(2.1%)
0.5%
3.7%
1.5%
(0.5%)
15.4%
3.6%
15.9%
4.5%

Revenue Growth:
U.S. Overnight Box (FO, PO, SOP)
U.S. Overnight Envelope (OL, SOL)
Total U.S. Overnight
U.S. Deferred (E2, ESP)
Total U.S. Packages
International Priority (IPP, IPOL)
International Economy (IE)
Total International Export Packages
International Domestic1
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS

(1.2%)
(2.6%)
(1.5%)
3.8%
(0.1%)
(5.1%)
9.2%
(1.9%)
11.7%
(0.2%)
10.5
$ 2.02
64

63

1 - International domestic statistics include our international intra-country express operations.


Unaudited. Differences may result due to rounding.

16 / Q1 FY14 Stat Book

63

64

64

63

63

64

FedEx Express
Aircraft and Vehicle Fleet Statistics
FY 2010 FY 2019

Aircraft Type

Gross Max
Structural Payload
(Lbs/Aircraft)

2010

May 31
2011 2012

As of
Aug 31
2013 2013

To Be Delivered (Retired/Lease
Expiration) in FY
2014 2015 2016 2017 2018 2019

Boeing 727-200

59,300

77

67

41

14

Boeing 757-2001

63,000

36

58

73

89

91

16

11

Boeing 767F2

127,100

12

10

10

10

Boeing DC10-30

175,900

Boeing MD10-10

137,500

58

58

52

47

47

(3)

(11)

(11)

(5)

(4)

Boeing MD10-30

175,900

15

17

17

17

16

(6)

(5)

(1)

Boeing MD11

192,600

59

64

64

64

64

(1)

(1)

(8)

(4)

(2)

Boeing 777F

233,300

12

19

23

23

Airbus A300-600

106,600

71

71

71

71

71

(1)

(5)

83,170

53

53

35

30

30

(5)

(11)

Cessna 208A

2,250

10

Cessna 208B

2,830

241

241

241

245

245

ATR-72

17,970

13

21

21

21

21

ATR-42

12,070

26

26

26

26

26

667

688

660

647

634

19

(16)

(5)

Long-Haul Tractors
All Other Motorized Vehicles

2.8
38.5

2.7
39.4

3.0
42.3

3.3
44.2

3.3
43.8

Vehicle Fleet Total

41.3

42.1

45.3

47.5

47.1

Airbus A310-200/300

Aircraft Fleet Total

Vehicle Fleet (000s)

NOTE: Aircraft fleet delivery schedule is subject to change.

1 - August 31, 2013 B757 count includes 14 aircraft that are not currently in operation, 7 of which are in the modification process and 7 of which are awaiting
modification.
2 - As of August 31, 2013, we are committed to purchase 50 B767Fs.
3 - As of August 31, 2013, we are committed to purchase 20 B777Fs.

Q1 FY14 Stat Book /

17

FedEx Express
Jet Fuel Statistics
FY 2010 FY 2014

FIRST
QUARTER

FY 2010
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2011
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

Jet Fuel Gallons (000s)

261,655

271,153

275,746

281,865

295,682

299,748

302,586

Price Per Gallon

$ 1.911

$ 2.081

$ 2.227

$ 2.357

$ 2.274

$ 2.392

$ 2.646

$ 3.339

$ 499,895

$ 564,146

$ 613,991

$ 664,307

$ 672,305

$ 716,961

$ 800,773

$ 987,673

FY 2012
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2013
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

289,473

286,406

Jet Fuel Expense ($000s)

FIRST
QUARTER
Jet Fuel Gallons (000s)
Price Per Gallon
Jet Fuel Expense ($000s)

292,549

Price Per Gallon


Jet Fuel Expense ($000s)

/ Q1 FY14 Stat Book

286,225

289,975

281,675

$ 3.300

$ 3.230

$ 3.259

$ 3.451

$ 3.070

$ 3.358

$ 3.280

$ 3.163

$ 933,674

$ 968,833

$ 998,966

$ 879,177

$ 961,200

$ 951,223

$ 890,915

FY 2014
SECOND
THIRD
QUARTER QUARTER

FOURTH
QUARTER

277,808
$ 3.055
$ 848,598

Unaudited. Differences may result due to rounding.

18

297,308

$ 965,486

FIRST
QUARTER
Jet Fuel Gallons (000s)

289,106

295,781

FedEx Ground Segment


Annual Consolidated Statements of Income
FY 2010 FY 2014
Years ended May 31
In millions

Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges1
Other

Operating Income

FY 2010

FY 2011

FY 2012

FY 2013

Q1 YTD
FY 2014

$ 6,958
481
7,439

$ 7,855
630
8,485

$ 8,791
782
9,573

$ 9,652
926
10,578

$ 2,506
224
2,730

1,158
2,966
244
334
8
166
795
744
6,415

1,282
3,431
263
337
12
169
897
769
7,160

1,451
3,762
284
389
14
176
978
755
7,809

1,586
4,191
331
434
17
190
1,148
893
8,790

414
1,064
92
111
3
53
285
240
2,262

$ 1,024

$ 1,325

$ 1,764

$ 1,788

$ 468

13.8%

15.6%

18.4%

16.9%

17.1%

SELECTED STATISTICS
Operating Margin

1 - FY13 includes allocations of $105 million for business realignment costs.


Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

19

FedEx Ground Segment


Quarterly Consolidated Statements of Income
FY 2010 FY 2011
Years ended May 31
In millions

FIRST
QUARTER

Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues

FY 2010
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2011
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

$ 1,637
93
1,730

$ 1,712
125
1,837

$ 1,768
142
1,910

$ 1,840
122
1,962

$ 1,839
122
1,961

$ 1,916
161
2,077

$ 2,001
183
2,184

$ 2,099
164
2,263

282
693
58
85
1
38
184
180
1,521

288
733
63
83
2
40
196
194
1,599

289
771
63
83
3
41
207
195
1,652

299
769
60
83
2
47
208
175
1,643

307
782
62
82
1
44
221
175
1,674

318
845
67
83
3
42
227
196
1,781

329
911
68
84
5
40
221
201
1,859

328
893
66
88
3
43
228
197
1,846

$ 209

$ 238

$ 258

$ 319

$ 287

$ 296

$ 325

$ 417

12.1%

13.0%

13.5%

16.3%

14.6%

14.3%

14.9%

18.4%

Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other

Operating Income

SELECTED STATISTICS
Operating Margin

Unaudited. Differences may result due to rounding.

20

/ Q1 FY14 Stat Book

FedEx Ground Segment


Quarterly Consolidated Statements of Income
FY 2012 FY 2013
Years ended May 31
In millions

FIRST
QUARTER

Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues

FY 2012
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2013
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

$ 2,116
162
2,278

$ 2,143
196
2,339

$ 2,259
221
2,480

$ 2,273
203
2,476

$ 2,273
189
2,462

$ 2,359
234
2,593

$ 2,480
267
2,747

$ 2,540
236
2,776

351
886
66
93
2
44
241
188
1,871

362
933
72
94
5
43
245
187
1,941

369
995
74
102
4
43
246
182
2,015

369
948
72
100
3
46
246
198
1,982

377
946
74
103
3
46
262
206
2,017

396
1,057
85
110
4
46
262
221
2,181

405
1,121
86
111
6
48
270
233
2,280

408
1,067
86
110
4
50
354
233
2,312

$ 407

$ 398

$ 465

$ 494

$ 445

$ 412

$ 467

$ 464

17.9%

17.0%

18.8%

20.0%

18.1%

15.9%

17.0%

16.7%

Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges1
Other

Operating Income

SELECTED STATISTICS
Operating Margin

1 - FY13 includes allocations of $9 million in Q3 and $93 million in Q4 for business realignment costs.
Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

21

FedEx Ground Segment


Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions

FIRST
QUARTER

Revenues:
FedEx Ground
FedEx SmartPost
Total Revenues

$ 2,506
224
2,730

Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other

Operating Income

414
1,064
92
111
3
53
285
240
2,262
$ 468

SELECTED STATISTICS
Operating Margin

Unaudited. Differences may result due to rounding.

22 / Q1 FY14 Stat Book

17.1%

FY 2014
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

FedEx Ground Segment


Annual Shipment Statistics
FY 2010 FY 2014

FedEx Ground
Total Package Volume (000s)
Average Daily Package Volume (000s)
Yield (Revenue Per Package)

Q1 YTD
FY 2014

FY 2010

FY 2011

FY 2012

FY 2013

898,464
3,523
$ 7.73

958,962
3,746
$ 8.17

1,000,099
3,907
$ 8.77

1,076,709
4,222
9
$ 8.94

276,051
4,313
$ 9.05

Average Daily YOY Volume Growth Rate

3.5%

6.3%

4.3%

8.1%

10.6%

OPERATING WEEKDAYS

255

256

256

255

64

309,282
1,222
$ 1.56

366,647
1,432
$ 1.72

433,042
1,692
$ 1.81

522,726
2,058
$ 1.77

133,875
2,092
$ 1.67

FedEx SmartPost
Total Package Volume (000s)
Average Daily Package Volume (000s)
Yield (Revenue Per Package)
Average Daily YOY Volume Growth Rate
OPERATING WEEKDAYS

47.8%

17.2%

18.2%

21.6%

253

256

256

254

25.7%
64

Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

23

FedEx Ground Segment


Quarterly Shipment Statistics
FY 2010 FY 2015
FY 2010
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
Avg. Daily YOY Pkg. Growth Rate

215,200
3,311
$ 7.60
(0.8%)

Avg. Daily YOY Pkg. Growth Rate

229,683
3,534
$ 7.99

242,127
3,843
$ 7.89

244,585
3,882
$ 8.16

242,566
3,732
$ 8.64

6.6%

6.7%

6.7%

5.7%

6.1%

62

65

65

63

63

65

65,554
1,009
$ 1.41

79,676
1,265
$ 1.57

89,312
1,489
$ 1.59

74,740
1,150
$ 1.63

72,570
1,100
$ 1.68

93,504
1,484
$ 1.72

107,613
1,736
$ 1.70

92,960
1,430
$ 1.76

OPERATING WEEKDAYS

65

62.8%
63

4.6%

228,524
3,516
$ 8.04

63

72.8%

3.7%

227,797
3,674
$ 7.75

65

OPERATING WEEKDAYS
FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)

226,943
3,602
$ 7.54

46.0%
60

23.1%
65

FY 2012
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)

FY 2011
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER

9.0%
66

17.4%
63

16.6%
62

24.3%
65

FY 2013
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER

241,938
3,722
$ 8.73

250,675
3,979
$ 8.53

256,505
4,072
$ 8.79

250,981
3,861
$ 9.03

253,387
3,898
$ 8.94

269,807
4,283
$ 8.72

277,538
4,476
$ 8.92

275,977
4,246
$ 9.19

5.3%

3.5%

4.9%

3.5%

4.7%

7.6%

9.9%

10.0%

65

63

63

65

65

63

62

65

FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)

91,954
1,415

109,452
1,737

123,498
1,960

108,137
1,664

108,156
1,664

128,411
2,038

151,099
2,477

135,061
2,078

Yield (Revenue Per Package)

$ 1.76

$ 1.79

$ 1.79

$ 1.88

$ 1.75

$ 1.82

$ 1.77

$ 1.74

Avg. Daily YOY Pkg. Growth Rate

28.6%

17.0%

12.9%

16.4%

17.6%

17.3%

26.4%

24.9%

Avg. Daily YOY Pkg. Growth Rate


OPERATING WEEKDAYS

OPERATING WEEKDAYS

65

63

63

65

FY 2014
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
Avg. Daily YOY Pkg. Growth Rate

Avg. Daily YOY Pkg. Growth Rate


OPERATING WEEKDAYS

64

61

65

FY 2015
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER

63

63

64

64

63

63

64

63

61

64

64

63

61

64

133,875
2,092
$ 1.67
25.7%
64

Unaudited. Differences may result due to rounding.

24 / Q1 FY14 Stat Book

63

276,051
4,313
$ 9.05
10.6%

OPERATING WEEKDAYS
FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)

65

FedEx Freight Segment


Annual Consolidated Statements of Income
FY 2010 FY 2014
Years ended May 31
In millions

Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment and other charges 1
Intercompany charges2
Other

Operating Income (Loss)

FY 2010

FY 2011

FY 2012

FY 2013

Q1 YTD
FY 2014

$ 4,321

$ 4,911

$ 5,282

$ 5,401

$ 1,424

2,128
690
116
198
445
148
18
351
380
4,474

2,303
779
122
205
585
182
89
427
394
5,086

2,316
851
114
185
636
192

433
393
5,120

2,342
865
118
217
598
191
3
484
375
5,193

598
234
32
57
145
46

121
100
1,333

($153)

($175)

$ 162

$ 208

$ 91

(3.5%)

(3.6%)

3.1%

3.9%

6.4%

SELECTED STATISTICS
Operating Margin

1 - FY11 includes $133 million in costs related to the combination of the FedEx Freight and FedEx National LTL operations. FY13 includes severance costs
associated with our voluntary buyout program.
2 - FY13 includes allocations of $47 million for business realignment costs.
Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

25

FedEx Freight Segment


Quarterly Consolidated Statements of Income
FY 2010 FY 2011
Years ended May 31
In millions

FIRST
QUARTER

Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
1
Impairment and other charges
Intercompany charges
Other

Operating Income (Loss)

FY 2010
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2011
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

$ 982

$ 1,068

$ 1,040

$ 1,231

$ 1,258

$ 1,221

$ 1,123

$ 1,309

507
118
29
55
94
34

52
91
980

513
168
27
46
104
35

98
89
1,080

532
191
29
49
112
36

99
99
1,147

576
213
31
48
135
43
18
102
101
1,267

600
204
34
48
131
46

109
102
1,274

584
185
31
62
133
45
67
108
97
1,312

562
178
29
48
145
44
21
106
100
1,233

557
212
28
47
176
47
1
104
95
1,267

$2

($12)

($107)

($36)

($16)

($91)

($110)

$ 42

0.2%

(1.1%)

(10.3%)

(2.9%)

(1.3%)

(7.5%)

(9.8%)

3.2%

SELECTED STATISTICS
Operating Margin

1 - Q2, Q3 and Q4 FY11 include $133 million in costs related to the combination of the FedEx Freight and FedEx National LTL operations.
Unaudited. Differences may result due to rounding.

26 / Q1 FY14 Stat Book

FedEx Freight Segment


Quarterly Consolidated Statements of Income
FY 2012 FY 2013
Years ended May 31
In millions

FIRST
QUARTER

Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment
1
and other charges
Intercompany charges2
Other

Operating Income (Loss)

FY 2012
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

FIRST
QUARTER

FY 2013
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

$ 1,328

$ 1,325

$ 1,234

$ 1,395

$ 1,399

$ 1,377

$ 1,237

$ 1,388

578
207
28
44
165
50

577
221
29
44
156
48

566
201
29
47
149
45

595
222
28
50
166
49

599
226
29
53
148
48

589
224
29
52
157
49

562
197
30
55
142
45

592
218
30
57
151
49

109
105
1,286

108
102
1,285

107
91
1,235

109
95
1,314

111
95
1,309

110
91
1,301

1
109
92
1,233

2
154
97
1,350

$ 42

$ 40

($1)

$ 81

$ 90

$ 76

$4

$ 38

3.2%

3.0%

(0.1%)

5.8%

6.4%

5.5%

0.3%

2.7%

SELECTED STATISTICS
Operating Margin

1 - FY13 includes severance costs associated with our voluntary buyout program.
2 - FY13 includes allocations of $4 million in Q3 and $41 million in Q4 for business realignment costs.
Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

27

FedEx Freight Segment


Quarterly Consolidated Statements of Income
FY 2014
Years ended May 31
In millions

FIRST
QUARTER

Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Business realignment, impairment
and other charges
Intercompany charges
Other

Operating Income

$ 1,424

598
234
32
57
145
46

121
100
1,333
$ 91

SELECTED STATISTICS
Operating Margin

Unaudited. Differences may result due to rounding.

28 / Q1 FY14 Stat Book

6.4%

FY 2014
SECOND
THIRD
QUARTER
QUARTER

FOURTH
QUARTER

FedEx Freight
Annual LTL Shipment Statistics
FY 2010 FY 2014

FY 2010
Shipments Per Day
Priority
Economy
Total shipments per day
Weight Per Shipment (lbs)
Priority
Economy
Composite weight per shipment
LTL Yield (Revenue Per Hundredweight)
Priority
Economy
Composite LTL yield
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS

82,290

1,134

$ 17.07

FY 2011

FY 2012

FY 2013

Q1 YTD
FY 2014

85,980

60,345
24,511
84,856

59,280
26,370
85,650

61,044
27,643
88,687

1,144

1,202
1,045
1,156

1,237
990
1,161

1,244
993
1,166

$ 18.24

$ 18.02
23.96
$ 19.57

$ 17.80
25.90
$ 19.94

$ 17.88
25.84
$ 19.99

10.6%

4.5%

253

254

N/A
N/A
(1.3%)
255

(1.8%)
7.6%
0.9%
253

(0.6%)
4.0%
0.8%
64

Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

29

FedEx Freight
Quarterly LTL Shipment Statistics
FY 2010 FY 2013
FY 2010
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Priority
Economy
Total shipments per day
Weight Per Shipment (lbs)
Priority
Economy
Composite weight per shipment
LTL Yield (Revenue Per Hundredweight)
Priority
Economy
Composite LTL yield
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS

71,384

1,109

$ 17.87

(13.7%)
65

82,928

1,128

$ 17.09

83,426

1,133

$ 16.82

91,523

1,160

$ 16.69

Weight Per Shipment (lbs)


Priority
Economy
Composite weight per shipment
LTL Yield (Revenue Per Hundredweight)
Priority
Economy
Composite LTL yield
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS

Unaudited. Differences may result due to rounding.

30

/ Q1 FY14 Stat Book

91,791

1,134

$ 17.32

89,371

1,115

$ 18.27

3.3%

26.4%

33.7%

28.6%

7.8%

62

61

65

65

62

FY 2012
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Priority
Economy
Total shipments per day

FY 2011
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER

78,294

60,866
23,399
84,265

1,151

1,208
1,093
1,177

$ 18.66

$ 17.43
22.85
$ 18.83

(6.2%)
62

N/A
N/A
(7.9%)
65

FY 2013
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER

61,221
23,734
84,955

62,113
24,674
86,787

56,427
23,343
79,770

61,580
26,263
87,843

61,415
26,578
87,993

61,534
26,818
88,352

55,236
25,227
80,463

58,788
26,808
85,596

1,186
1,082
1,157

1,184
1,057
1,147

1,212
1,025
1,157

1,225
1,018
1,163

1,215
999
1,150

1,215
989
1,146

1,250
989
1,168

1,272
981
1,181

$ 17.94
23.13
$ 19.29

$ 18.39
23.75
$ 19.79

$ 18.10
24.28
$ 19.70

$ 17.67
24.67
$ 19.50

$ 17.73
25.33
$ 19.72

$ 18.15
26.29
$ 20.28

$ 17.87
26.17
$ 20.10

$ 17.50
25.87
$ 19.68

1.2%
12.2%
4.2%

0.3%
12.0%
3.6%

65

65

N/A
N/A
(7.4%)
65

N/A
N/A
(2.9%)
62

N/A
N/A
1.9%
63

(0.9%)
8.7%
1.8%
62

(2.1%)
8.1%
0.9%
61

(4.5%)
2.1%
(2.6%)
65

FedEx Freight
Quarterly LTL Shipment Statistics
FY 2014 FY 2015
FY 2014
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Priority
Economy
Total shipments per day
Weight Per Shipment (lbs)
Priority
Economy
Composite weight per shipment
LTL Yield (Revenue Per Hundredweight)
Priority
Economy
Composite LTL yield
Avg. Daily Shipment Growth Rate
Priority
Economy
Total shipments per day
OPERATING WEEKDAYS

FY 2015
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER

61,044
27,643
88,687
1,244
993
1,166
$ 17.88
25.84
$ 19.99
(0.6%)
4.0%
0.8%
64

62

62

64

64

62

62

64

Unaudited. Differences may result due to rounding.

Q1 FY14 Stat Book /

31